Filtered by Subscriptions: Bonds & Equities Use setting Bonds & Equities
This report is only available as a PDF. Click to download. … Near-term pick-up in Treasury yields may prove fleeting …
1st August 2018
This report is only available as a PDF. Click to download. … US IT sector not likely to stay out of the firing line for long …
31st July 2018
This report is only available as a PDF. Click to download. … BoJ’s influence on global bond markets still small …
30th July 2018
This report is only available as a PDF. Click to download. … Healthy US economy should support the dollar until next year …
27th July 2018
This report is only available as a PDF. Click to download. … Market relief from trade tensions not likely to last …
26th July 2018
Despite the resilience of the S&P 500 recently, US assets have not been altogether immune to trade tensions. And we think that they will come under a lot more pressure if, as seems increasingly likely, President Trump carries out his threat to impose …
25th July 2018
Market concerns over fragile balance sheets have forced policymakers in a number of frontier economies to take action over the past month. Strains in the balance of payments prompted the authorities in Pakistan and Tunisia to allow their currencies to …
This report is only available as a PDF. Click to download. … Lat Am equities shrug off China worries, but still vulnerable …
The very low level of long-term bond yields across the euro-zone suggests that there is no urgent need for the ECB to copy the US Fed’s “Operation Twist” by replacing short-dated securities with longer-dated ones. But this is a tool that it could deploy …
This report is only available as a PDF. Click to download. … China’s government bond yields likely to fall despite fiscal boost …
24th July 2018
This report is only available as a PDF. Click to download. … Yen likely to strengthen again even if BoJ keeps policy ultra-loose …
23rd July 2018
This report is only available as a PDF. Click to download. … Latest Trump tariff threats compound rising risks to equities …
20th July 2018
Worries about a global trade war have already weighed on the prices of many risky assets, particularly those in Asia. And there is a growing risk that the US implements even more protectionist measures than it has threatened so far. Even if this does not …
This report is only available as a PDF. Click to download. … Tighter Fed policy a growing threat to the US stock market …
19th July 2018
This report is only available as a PDF. Click to download. … Distorted US yield curve still a warning sign for the economy …
18th July 2018
This report is only available as a PDF. Click to download. … Oil prices likely to fall further, keeping the heat on equity markets …
17th July 2018
This report is only available as a PDF. Click to download. … China’s economy a threat to EM equities even if trade fears fade …
16th July 2018
This report is only available as a PDF. Click to download. … Strong US stock market and dollar unlikely to remain bedfellows …
13th July 2018
This report is only available as a PDF. Click to download. … Peak in Treasury yields probably not a long way off …
12th July 2018
This report is only available as a PDF. Click to download. … Next step in trade war likely to hit S&P 500 much harder …
11th July 2018
We argued at the start of this year that the good times for emerging market (EM) assets were likely to come to an end after a stellar 2017. As it happens, in many cases they have already fallen further than we had thought they would over the year as a …
The betting markets are assigning a greater probability to an early general election in the UK in the wake of high-profile resignations in the Conservative Party since the Cabinet met at Chequers on Friday. Nonetheless, this hasn’t altered the view in the …
10th July 2018
This report is only available as a PDF. Click to download. … Sterling stabilises; investors still counting on a “soft” Brexit …
This report is only available as a PDF. Click to download. … Brexit resignations could heap more pressure on sterling …
9th July 2018
This report is only available as a PDF. Click to download. … Rally in Treasuries is unlikely to continue …
6th July 2018
This report is only available as a PDF. Click to download. … Will rising trade tensions hit Emerging Asian currencies hardest? …
5th July 2018
Some argue that the stock market is less vulnerable in the euro-zone than in the US because its valuation is much lower. But the gap in their valuations is arguably negligible. … Euro-zone and US equity valuation: where’s the …
This report is only available as a PDF. Click to download. … Will equities in Emerging Asia remain in the firing line? …
4th July 2018
Emerging market (EM) currencies have mostly recovered a little ground against the dollar today. But the bigger picture is that they have generally been weakening for some time now, and in our view further falls are likely in most cases even if fears of a …
3rd July 2018
This report is only available as a PDF. Click to download. … How big a deal is China for the US stock market? …
This report is only available as a PDF. Click to download. … Will the dollar’s strength last? …
2nd July 2018
This report is only available as a PDF. Click to download. … Twin rally in euro-zone equities and currency unlikely to last …
29th June 2018
This report is only available as a PDF. Click to download. … Spill-over from Chinese markets will probably remain contained …
28th June 2018
Emerging market dollar bonds have struggled over the past month, but those in frontier markets have typically fared much worse. Of course, risky assets in general have sold off amid fears of a global trade war. Among frontiers, spreads have ballooned in …
27th June 2018
This report is only available as a PDF. Click to download. … Have Treasury yields peaked? …
Trade tensions have not caused any dramatic moves yet, but there are at least four clear signs in the equity markets of investors becoming more nervous about the possibility of a global trade war. … Four signs equity investors are worrying about …
This report is only available as a PDF. Click to download. … Will growing protectionism keep rattling equity markets? …
26th June 2018
This report is only available as a PDF. Click to download. … The FAANGs are not immune to rising trade tensions …
25th June 2018
This report is only available as a PDF. Click to download. … Higher OPEC output to weigh on oil prices later this year …
22nd June 2018
This report is only available as a PDF. Click to download. … Is there more pain to come for EM currencies? …
21st June 2018
Emerging market (EM) equities have been caught up in the more general sell-off in EM assets in the past month, with the MSCI EM Index dropping by about 3% in local currency terms. Even if recent headwinds abate, there are other reasons to think that the …
20th June 2018
This report is only available as a PDF. Click to download. … What next for sterling? …
Benchmark equity indices in Italy and Spain have outperformed those elsewhere in Europe in the past days. But while the reasons for this may continue, they remain vulnerable to political risks. … Will Italian and Spanish equities remain safe …
This report is only available as a PDF. Click to download. … Protectionism adds to existing headwinds for EM equities …
19th June 2018
This report is only available as a PDF. Click to download. … How does the renminbi fit into the China-US trade tensions? …
18th June 2018
This report is only available as a PDF. Click to download. … Recovery in Italian government bonds not likely to last …
15th June 2018
The recent widespread weakness of emerging market (EM) currencies has been accompanied by a rise in local currency bond yields in almost all EMs. But even if currencies generally continue to slide, as we are anticipating, we still think that yields will …
The movements in dollar/euro over the past few days are a reminder that Fed and ECB policy are still important drivers of the exchange rate. Our view remains that their policies will provide ongoing support for the US currency in the rest of 2018, before …
This report is only available as a PDF. Click to download. … Further downside for the euro is probably limited …
14th June 2018
Surging corporate profits in Japan since the beginning of last year have not generated much excitement among investors. This is probably because most of it has come from sectors that rely heavily on global growth, and it is therefore not seen as …
13th June 2018
